The New York Stock Exchange rose very slightly at the opening, continuing to remain vigilant against the coronavirus and digesting several American economic statistics (hooly News / Johannes EISELE)
The New York Stock Exchange was moving close to balance at the start of the session on Friday, continuing to remain vigilant against the coronavirus and digesting several American economic statistics.
Around 3:20 GMT, its flagship index, the Dow Jones Industrial Average, yielded 0.11%, to 29,391.04 points.
The highly technological Nasdaq glittered 0.03% to 9,726.80 points, while the S&P 500, which represents the 500 largest companies on Wall Street, was almost unchanged at 3,373.64 points.
Wall Street had ended in small decline Thursday, market players wondering about the epidemic of viral pneumonia after the jump in the number of contaminations: the Dow Jones had lost 0.43% and the Nasdaq 0.14%.
According to analysts at Charles Schwab, the New York rating and the other major world markets “show a certain resilience in the face of growing uncertainties concerning the spread of the coronavirus and contrasting data from China on new cases”.
The assessment of the epidemic of the new coronavirus approached the 1,400 deaths in China on Friday, where nearly 64,000 cases of contamination have now been recorded.
– Nvidia is doing better than expected –
Among the indicators, retail sales in the United States rose 0.3% in January compared to December, according to data from the Commerce Department. This increase is in line with analysts’ expectations.
However, these same sales were revised down for November and December, notes Chris Low of FHN Financial.
“This is not a good omen for the first quarter of 2020,” said the expert.
Industrial production in the United States, for its part, fell again in January (-0.3%), weighed down by the cessation of production of the Boeing 737 MAX, flagship model of the American aircraft manufacturer, according to data. published by the Federal Reserve (Fed).
Consumer confidence for February improved in February, according to the University of Michigan preliminary survey, when analysts predicted a decline.
After the close, the New York Stock Exchange will remain closed until Tuesday morning, Monday February 17 being a public holiday in the United States.
On the bond market, the 10-year rate of the US debt fell to 1.580%, against 1.617% the day before at the close.
Among the values of the day, the chip maker Nvidia climbed more than 6% after having published, on Thursday after the closing, its results for the fourth quarter of 2019 and its outlook for the first quarter of 2020, far exceeding analysts’ expectations.
These good results could “benefit the entire technology sector”, judge Josh Selway of Schaeffer.
Roku, which makes multimedia boxes for watching content on the Internet, rose 3.6%. The group posted profits below forecasts but its annual forecasts have reassured the markets.
Expedia tour operator jumped 10.2% after reporting higher than expected profits.
Toy maker Mattel advanced 0.6% after announcing greater than expected savings when it released its quarterly and annual results.
According to Factset, nearly 80% of S&P 500 companies have reported their quarterly results. Taking into account their figures and estimates of the companies yet to publish, their earnings per share should increase on average by 0.93% in the fourth quarter. At the start of the results season, they were expected to decline 2%.
-dho / jum / cj